SynopsisKlöckner & Co SE, a major steel and metal products distributor, announces a reorganization of its Management Board responsibilities, with CEO Guido Kerkhoff taking over EU European operations from Bernhard Weiß. Weiß's contract is mutually terminated. The Management Board now consists of Kerkhoff, Dr. Oliver Falk (CFO), and John Ganem (CEO Americas). This move aims to enhance the Management Board's efficiency. Klöckner & Co SE is a significant player in the steel industry, emphasizing sustainability and digital transformation.ArticleIn a strategic move, Klöckner & Co SE has undergone a restructuring of responsibilities within its Management Board, particularly concerning European operations. Effective immediately, Guido Kerkhoff, the CEO of Klöckner & Co SE, will assume additional responsibilities, including the management of the Group's EU European operations, previously overseen by Bernhard Weiß.The contract of Bernhard Weiß, who has been a member of the Management Board since June 1, 2021, and held the position of Chief Executive Officer Europe (CEO Europe) with responsibility for EU-European business, will be terminated through mutual agreement as of September 30, 2023. This restructuring results in a streamlined Management Board, which now comprises three members: Guido Kerkhoff as CEO, Dr. Oliver Falk as CFO, and John Ganem as CEO Americas.Prof. Dr.-Ing. Dieter H. Vogel, Chairman of the Supervisory Board of Klöckner & Co SE, commented on this organizational shift: "With this reorganization of responsibilities regarding the European business, we will optimize the composition of the Management Board, which will make the committee even more efficient. On behalf of the Supervisory Board, I would like to thank Bernhard Weiß for his great commitment and positive contribution to the development of Klöckner & Co. We wish Bernhard Weiß all the best for his future career."ConclusionKlöckner & Co SE's restructuring of Management Board responsibilities signifies a strategic step toward greater efficiency and optimization. CEO Guido Kerkhoff's expanded role aims to enhance the management of EU European operations. The company's commitment to improving its internal structure aligns with its larger goals in the ever-evolving steel industry.